Crypto

X To Allow Paid Crypto Promotions, but Not in the EU or UK

David Parker
David Parker
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The updated rules signal a shift in X’s strategy, offering new revenue opportunities for creators

Social media platform X has updated its advertising policies to allow paid promotions for cryptocurrency, but certain regions remain off-limits. The UK, the European Union, and Australia are excluded due to stricter financial promotion rules. Influencers promoting crypto must ensure their content does not reach audiences in these jurisdictions.

Under the new policy, paid partnerships involve compensation from a third-party brand to a user, such as an influencer or content creator, for promoting a product or service. X allows users to label such content as a paid partnership, providing transparency for followers while keeping within regulatory requirements.

The platform’s previous ban on sponsored crypto posts has been lifted globally, though X continues to restrict promotions for other industries. Ads for sex products, alcohol, dating platforms, recreational and prescription drugs, health supplements, tobacco, and weapons remain prohibited. Political or social content cannot be used for commercial promotion.

X’s head of product, Nikita Bier, explained that the update is designed to help creators grow their businesses on the platform while being transparent about sponsorships. The move also positions X as a key hub for crypto communication, following its long-standing use by cryptocurrency companies and communities.

Additional platform features are expected in the coming months. Elon Musk, X’s owner, announced that X Money, a payments system, will enter a limited beta before rolling out to users worldwide. The app aims to integrate messaging, social networking, and financial services, similar to China’s WeChat, though it is unclear if crypto will be part of X Money initially.

X will also introduce Smart Cashtags, enabling users to trade stocks and cryptocurrencies directly through the platform. These changes are part of Musk’s broader “everything app” vision, expanding X beyond traditional social media into financial and commercial services.

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